Global Paraquat Dichloride Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Herbicide, Desiccant, Defoliant and Plant Growth Regulator.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn583773138 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Paraquat Dichloride Market (USD Million), 2021 - 2031

In the year 2024, the Global Paraquat Dichloride Market was valued at USD 378.13 million. The size of this market is expected to increase to USD 465.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.0%.

The global paraquat dichloride market has seen significant growth over recent years, driven by its widespread use as a highly effective herbicide. Paraquat dichloride is known for its rapid action in controlling weeds and unwanted vegetation, making it a popular choice among farmers and agricultural professionals. The compound's ability to act quickly and remain effective under various environmental conditions has cemented its position as an essential tool in modern agricultural practices.

The demand for paraquat dichloride is closely linked to the agricultural industry's overall health, particularly in regions with extensive farming activities. Developing countries in Asia, Africa, and Latin America have been notable contributors to the market's expansion due to their increasing agricultural output and the need for efficient weed management solutions. Additionally, the rise in global population and the subsequent demand for food have further spurred the market's growth, as higher crop yields become essential to meet this demand.

Despite its effectiveness, the paraquat dichloride market faces several challenges, primarily related to health and environmental concerns. The herbicide is highly toxic and has been associated with severe health risks if not handled properly. Several countries have imposed strict regulations or outright bans on its use, citing safety concerns for both humans and wildlife. These regulatory measures have prompted the industry to explore alternative solutions and safer herbicide formulations, impacting the market dynamics.

The future of the global paraquat dichloride market will likely be shaped by a balance between its undeniable agricultural benefits and the increasing emphasis on safety and environmental sustainability. Innovations in formulation and application methods, along with stringent regulatory frameworks, will play crucial roles in determining the market's trajectory. Stakeholders in the agricultural sector will need to navigate these complexities to leverage the advantages of paraquat dichloride while addressing the associated risks.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Region
  4. Global Paraquat Dichloride Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. High effectiveness in weed control
        2. Rising global food demand
        3. Increasing agricultural activities in developing regions
      2. Restraints
        1. Health and environmental concerns
        2. Regulatory restrictions and bans
        3. Availability of safer alternatives
      3. Opportunities
        1. Development of safer formulations
        2. Advances in application technologies
        3. Expansion in emerging markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Paraquat Dichloride Market, By Application, 2021 - 2031 (USD Million)
      1. Herbicide
      2. Desiccant
      3. Defoliant
      4. Plant Growth Regulator
    2. Global Paraquat Dichloride Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ankar Industries Ltd
      2. Bhaskar Agrochemicals Ltd
      3. Canary Agro Chemicals Pvt. Ltd
      4. Dow Agrosciences Ltd.
      5. Jayalakshmi Fertilisers
      6. Kalyani Industries Pvt. Ltd
      7. Sigma-Aldrich Co. LLC
      8. SinoHarvest
      9. Syngenta Limited
      10. Toshi & Company
  7. Analyst Views
  8. Future Outlook of the Market